Subclass 893:
State Sponsored Investor Visa

Subclass 893 visa is reserved for people who undertake business and investment activities in Australia. This visa allows the holder to stay in Australia on a permanent basis. To be eligible, the primary applicant must first hold the temporary visa that qualifies such lodgement.

Transitory Visa

It is important to note this is a transitory visa which is no longer widely used by people with the same or similar credentials, because the qualifying visas have been repealed.

Eligibility

A primary applicant must be in Australia at the time they apply for a State Sponsored Investor Visa (Subclass 893), whilst the secondary applicants may be in or outside Australia. Other eligibility criteria include:

  • Residence:
  • The primary applicant must have lived in Australia as the holder of a Subclass 165 – State/ Territory Sponsored Investor (Provisional) Visa for a total period of at least 2 years out of the 4 years immediately before the application submission. The 2 year period does not have to be continuous.

  • Business Practices:
  • The primary applicant must have no history of unacceptable business activities.

  • Investment Assets:
  • The primary applicant and his or her married spouse together must have held continuously for at least 4 years, in their names, the designated investment of $750,000 made for the purpose of satisfying the requirement for the granting of the Subclass 165 visas.

  • Investment Endeavours:
  • The primary applicant must have a genuine and realistic commitment to continue a business or investment activity in Australia.

    Public Interest Criteria

    4001, 4002, 4003, 4004, 4005, 4007, 4009, 4010, 4015, 4015, 4019, 4020 and 4021.

    Visa Conditions

    Condition 8515: The holder of the visa must not marry or enter into a de facto relationship before entering Australia.

    Application Charges

    Applications charges are payable in 2 instalments.

    First instalment:

  • Base application charge: $2,450
  • Additional applicant charge for an applicant who is at least 18: $1,225
  • Additional applicant charge for an applicant who is less than 18: $615
  • Second instalment:

  • Additional applicants who do not demonstrate functional English: $4,890